$10,000 Closing Credit*
$921,900
2,815 SqFt
4 Beds
•2 Full Baths, 1 Partial
Bayard Williams, Listing Office: House of Real Estate
Is Piedmont, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Piedmont has remained a Seller's Market.
Key Takeaway
Piedmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Piedmont, DE
How much do homes in Piedmont, DE cost?
Median Sold Price
$670,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+9.8%)
Key Takeaway
Homes in Piedmont have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Piedmont was $670,000 in November 2024, up 9.8% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $387.5K | +19.2% |
| 3 Bedrooms | $510K | $525K | +2.9% |
| 4 Bedrooms | $640K | $651.5K | +1.8% |
| 5+ Bedrooms | $905K | $920K | +1.7% |
Summary: Piedmont housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Hockessin | $525K | $602.5K | +14.8% |
| Piedmont | $610K | $670K | +9.8% |
| Kennett Township | $580K | $635K | +9.5% |
Housing Supply in Piedmont, DE
How many homes are available in Piedmont, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 71 | -14.5% |
Summary: The Piedmont real estate market had 71 homes for sale in November 2024, a 14.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 50 | 35 | -30.0% |
| 5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Piedmont housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Piedmont, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Piedmont in November 2024, down by 19.2% month-over-month. Of the 21 sold homes, 43% were sold under asking, 24% were sold at asking, and 33% were sold over asking.
Days on Market for Piedmont, DE
How long does it take to sell a home in Piedmont, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 31 Days | +121.4% |
Summary: Homes in Piedmont had an average of 31 days on market in Nov 2024, up by 121.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Piedmont are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Piedmont; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
